Malaysia - Tallow - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTallow Price in Malaysia - 2021
Contents:
- Tallow Price in Malaysia (CIF) - 2021
- Tallow Price in Malaysia (FOB) - 2021
- Tallow Imports in Malaysia
- Tallow Exports in Malaysia
Tallow Price in Malaysia (CIF) - 2021
The average tallow import price stood at $1,279 per ton in December 2021, rising by 3.7% against the previous month. Overall, import price indicated notable growth from December 2020 to December 2021: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, tallow import price decreased by -3.7% against October 2021 indices. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 21% against the previous month. The import price peaked at $1,329 per ton in October 2021; afterwards, it flattened through to December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($2,527 per ton), while the price for India ($1,198 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tallow Price in Malaysia (FOB) - 2021
In December 2021, the average tallow export price amounted to $1,120 per ton, growing by 2.6% against the previous month. In general, the export price posted a noticeable expansion. The pace of growth was the most pronounced in May 2021 when the average export price increased by 16% against the previous month. The export price peaked at $1,170 per ton in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From December 2020 to December 2021, the rate of growth in terms of prices for Singapore amounted to +4.8% per month.
Tallow Imports in Malaysia
In 2022, the amount of tallow imported into Malaysia surged to 51K tons, picking up by 16% against the previous year. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 81%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, tallow imports reduced slightly to $48M in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 118% against the previous year.
Import of Tallow in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1.9 | 15.6 | 24.9 | 33.9 | 161.3% |
Australia | 0.3 | 22.8 | 14.5 | 7.3 | 189.8% |
South Korea | N/A | 1.1 | 5.2 | 2.6 | 53.7% |
New Zealand | 1.2 | 2.1 | 2.4 | 2.2 | 22.4% |
Netherlands | 5.5 | 2.9 | 0.6 | 1.3 | -38.2% |
Vietnam | 0.6 | 1.4 | 0.5 | 0.4 | -12.6% |
United States | 11.5 | N/A | N/A | N/A | 0% |
Others | 0.2 | 0.2 | 1.7 | 0.3 | 14.5% |
Total | 21.2 | 46.1 | 49.7 | 47.9 | 31.2% |
Top Suppliers of Tallow to Malaysia in 2022:
- India (37.1K tons)
- Australia (6.7K tons)
- South Korea (2.7K tons)
- Netherlands (2.3K tons)
- New Zealand (1.5K tons)
- Vietnam (0.6K tons)
Tallow Exports in Malaysia
In 2022, exports of tallow from Malaysia rose notably to 43K tons, surging by 7.8% on 2021. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 46K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tallow exports shrank to $37M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%.
Export of Tallow in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 21.0 | 34.7 | 36.2 | 37.1 | 20.9% |
Afghanistan | 1.2 | N/A | N/A | N/A | 0% |
Others | 0.7 | 0.7 | 3.3 | 0.3 | -24.6% |
Total | 22.9 | 35.4 | 39.5 | 37.4 | 17.8% |
Top Export Markets for Tallow from Malaysia in 2022:
- Singapore (42.7K tons)
This report provides an in-depth analysis of the tallow market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1225 - Tallow
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for tallow in the world and discover key statistics and data on tallow imports. Find out which countries are leading in tallow imports and the reasons behind their demand.
In 2016, the global tallow market stood at X tons in 2016. Overall, the market was stable from 2007 to 2016, with only soft variations over the period.
Global tallow consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global tallow exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global tallow imports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
In 2015, the country with the largest volume of the tallow output was the United States (X thousand tons), accounting for X% of global production.
The tallow market volume followed an overall negative trend. A drop in 2008 was followed by stagnation at about X thousand tons, until the market fell again in 2012.
The pursuit of healthy nutrition is an acute trend in the American lifestyle. However, the concern about health hasn't reached the entire population yet, as fast food is still highly sought, demonstrated by the strong deman
The U.S. dominates in the global tallow trade. In 2014, the U.S. exported X thousand tons of tallow totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total tallow exports in
Explore the top import markets for tallow in the world and discover key statistics and data on tallow imports. Find out which countries are leading in tallow imports and the reasons behind their demand.